The Payments Association welcomes the opportunity to contribute to the House of Lords
Financial Services Regulation Committee Call for Evidence “Growth and Proposed
Regulation for Stablecoins in the UK”.
As The Payment Association’s membership includes a wide range of companies from across
the payments value chain, and diverse viewpoints across all job roles, this response cannot
and does not claim to fully represent the views of all members. With regard to this specific
response, please note that the views of Lloyds Banking Group are not reflected in the
banking members’ section.
We are grateful to the contributors to this response, which has been drafted by Riccardo
Tordera, our Vice President, Policy & Government and Robert Courtneidge, Advisor to the
Board. We would also like to express our thanks to the House of Lords Financial Services
Regulation Committee for their continuing openness in these discussions. We hope it
advances our collective efforts to ensure that the UK’s payments industry continues to be
progressive, world-leading, and secure, and effective at serving the needs of everyone who
pays and gets paid.
